Please Ignore the answers and help me solve this problem Breakfast Cereal ProductionA breakfast cereal manufacturer purchases rolled oats from a supplier based in NorthDakota. The supplier charges $1.2 per pound (Ib) and $40 per delivery (no matterhow much is delivered). The manufacturer's annual holding cost per is 25% of thepurchase cost per pound (Ib) of rolled oats. The manufacturer uses 4200 pounds (Ibs)of rolled oats every week for the production of cereal. Assume that there are 52weeks in a year.Note the time units carefully before you start answering the questions.How many gallons should the cereal manufacturer order from his supplier with eachorder to minimize the cost of ordering and holding (Economic Order Quantity)? 1284What is the yearly cost of ordering and holding if the manufacturer orders theeconomic order quantity? $3769How many orders per year would the cereal manufacturer place on average if theyorder the economic order quantity? 36.2The supplier offers a 5% discount off the regular price of $1.20 per pound if themanufacturer orders at least 12000 pounds per order. What would be theaverage weekly total cost (purchasing, ordering, and holding costs) if themanufacturer orders 12000lbs? $5890/week

SOLUTION- GIVEN, ANNUAL DEMAND=4200 POUND PURCHASE PRICE = $ 1.2 PER POUND ORDER COST =$40 CARRYING…

Breakfast Cereal Production A breakfast cereal manufacturer purchases rolled oats from a supplier based in North Dakota. The supplier charges $1.2 per pound (Ib) and $40 per delivery (no matter how much is delivered). The manufacturer's annual holding cost per is 25% of the purchase cost per pound (Ib) of rolled oats. The manufacturer uses 4200 pounds (Ibs) of rolled oats every week for the production of cereal. Assume that there are 52 weeks in a year. Note the time units carefully before you start answering the questions.

Breakfast Cereal Production A breakfast cereal manufacturer purchases rolled oats from a supplier based in North Dakota. The supplier charges $1.2 per pound (Ib) and $40 per delivery (no matter how much is delivered). The manufacturer's annual holding cost per is 25% of the purchase cost per pound (Ib) of rolled oats. The manufacturer uses 4200 pounds (Ibs) of rolled oats every week for the production of cereal. Assume that there are 52 weeks in a year. Note the time units carefully before you start answering the questions.

FINANCIAL ACCOUNTING

10th Edition

ISBN:9781259964947

Author:Libby

Publisher:Libby

Chapter1: Financial Statements And Business Decisions

Section: Chapter Questions

Problem 1Q

See similar textbooks

Similar questions

Can i have the answers for all in formula steps not excel please. Kind of hard to understand.
Im having an issue with this problem. Thank you!
A Framework for decision making: a. can help reduce the unexpected consequences of our actions. b. is not needed if the activity is legal. c. helps identify who gains the most from a decision.
Please do not rely too much on chatgpt, because its answer may be wrong. Please consider it carefully and give your own answer. You can borrow ideas from gpt, but please do not believe its answer.Very very grateful!Please do not rely too much on chatgpt, because its answer may be wrong. Please consider it carefully and give your own answer. You can borrow ideas from gpt, but please do not believe its answer.Very very grateful!
Please do not rely too much on chatgpt, because its answer may be wrong. Please consider it carefully and give your own answer. You can borrow ideas from gpt, but please do not believe its answer.Very very grateful!Please do not rely too much on chatgpt, because its answer may be wrong. Please consider it carefully and give your own answer. You can borrow ideas from gpt, but please do not believe its answer.Very very grateful!
do you not see the solution you provided is the exact one i submitted, it says it's wrong..
It says they answers are wrong from your example.